Research
PIFS conducts research on policy issues impacting the global financial system. PIFS research has focused on issues such as US Treasury market liquidity, global equity market structure, the rise of cloud computing and, most recently, the regulation of crypto markets.
Central Clearing and U.S. Treasuries
In our third report in a series on enhancing the market structure for trading U.S. Treasuries and for repurchase agreements of U.S. Treasuries, we describe the Federal Reserve’s domestic standing Treasury repo facility (“SRF”). We conclude that expanding access to the SRF to allow any holder of Treasuries to borrow from the SRF would potentially further […]
The E.U.’s Digital Operational Resilience Act: Cloud Services & Financial Companies
In September 2020, the European Commission released a proposed regulation on digital operational resilience for the financial sector (“DORA”). DORA aims to establish a detailed and comprehensive framework on digital operational resilience for financial entities in the European Union (“EU”). DORA includes provisions governing the management of risks associated with financial institutions’ outsourcing of technology
Regulation of Governance & Risk Management: The Intersection of Banking & Technology
Table of Contents Click to navigate to sectionExecutive SummaryPart I: Corporate Governance and Risk Management at U.S. Banks and U.S. BHCs a. Historical Background b. Legal and Regulatory Duties of Directors and Management at U.S. Banks and U.S. BHCs c. Supervision...